TransGlobe Energy

Director/PDMR Shareholding

RNS Number : 8350N
TransGlobe Energy Corporation
26 May 2020
 

 

 

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

DIRECTOR/PDMR SHAREHOLDINGS

 

AIM & TSX:  "TGL" & NASDAQ:  "TGA"

 

Calgary, Alberta, May 26, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on May 22, 2020, David Cook, Carol Bell, Ross Clarkson, Edward LaFehr, Tim Marchant and Steven Sinclair all Directors of the Company received Deferred Share Units ("DSUs") as part of the Company's director compensation program and will count towards their respective shareholding requirements. 

 

Director

Number of DSUs issued

Price

Granted

($Cdn)

Number of DSUs held following the transaction

% of Company's issued share capital held

David Cook

80,137

$0.73

335,036

DSUs are settled in cash and have no effect on share capital

Carol Bell

62,329

$0.73

93,235

Ross Clarkson

62,329

$0.73

93,235

Edward LaFehr

62,329

$0.73

93,235

Tim Marchant

62,329

$0.73

62,329

Steven Sinclair

62,329

$0.73

148,594

 

The DSUs were issued in accordance with the Deferred Share Unit Plan of the Company.  No shares will be issued upon retirement or vesting of any of the share units as the instruments are settled in cash.

 

The Company has also issued stock options ("Options") on May 22, 2020 to the President and Chief Executive Officer, the Vice President Finance and Chief Financial Officer and the Vice President and Chief Operating Officer (collectively referred to as the "PDMRs"). 

 

The Company has also issued Performance Share Units ("PSUs") on May 22, 2020 to the PDMRs in accordance with the Performance Share Unit Plan of the Company.  No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash.

 

PDMR

Position

Type

Quantity Awarded

Exercise Price/Price of Grant ($Cdn)

Number Held Following Grant

Randy Neely

President and Chief Executive Officer

Option

315,696

$0.79

1,254,284

PSU

402,188

$0.73

738,605

Edward Ok

Vice President Finance and Chief Financial Officer

Option

157,258

$0.79

422,524

PSU

200,342

$0.73

350,365

Geoffrey Probert

Vice President and Chief Operating Officer

Option

188,710

$0.79

350,508

PSU

240,411

$0.73

320,630

 

 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 

1)  Details of PDMR

a)  Name

David Cook

Carol Bell

Ross Clarkson

2)  Reason for the notification

a)  Position / status

Director

Director

Director

b)  Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)  Details of the issuer

a)  Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

b)  Legal Entity Identifier

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)  Details of transaction

a)  Description of financial instrument

Deferred Share Units

Deferred Share Units

Deferred Share Units

b)  Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c)  Nature of the transaction

Grant of Deferred Share Units

Grant of Deferred Share Units

Grant of Deferred Share Units

d)  Price(s) and volume(s)

Price: Cdn $0.73

Volume: 80,137

Price: Cdn $0.73

Volume: 62,329

Price: Cdn $0.73

Volume: 62,329

e)  Aggregated information:

i)  Price

ii)  Volume

Price: $0.73 Cdn per DSU

Volume: 80,137 DSUs

Price: $0.73 Cdn per DSU

Volume: 62,329 DSUs

Price: $0.73 Cdn per DSU

Volume: 62,329 DSUs

f)  Date of the transaction

May 22, 2020

May 22, 2020

May 22, 2020

g)  Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

1)  Details of PDMR

a)  Name

Edward LaFehr

Tim Marchant

Steven Sinclair

2)  Reason for the notification

a)  Position / status

Director

Director

Director

b)  Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)  Details of the issuer

a)  Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)  Details of transaction

a)  Description of financial instrument

Deferred Share Units

Deferred Share Units

Deferred Share Units

b)  Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c)  Nature of the transaction

Grant of Deferred Share Units

Grant of Deferred Share Units

Grant of Deferred Share Units

d)  Price(s) and volume(s)

Price: Cdn $0.73

Volume: 62,329

Price: Cdn $0.73

Volume: 62,329

Price: Cdn $0.73

Volume: 62,329

e)  Aggregated information:

i)  Price

ii)  Volume

Price: $0.73 Cdn per DSU

Volume: 62,329 DSUs

Price: $0.73 Cdn per DSU

Volume: 62,329 DSUs

Price: $0.73 Cdn per DSU

Volume: 62,329 DSUs

f)  Date of the transaction

May 22, 2020

May 22, 2020

May 22, 2020

g)  Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

 

1)  Details of PDMR

a.     Name

Randy Neely

Edward Ok

Geoffrey Probert

2)  Reason for the notification

a.  Position / status

President and Chief Executive Officer

Vice President Finance and Chief Financial Officer

Vice President and Chief Operating Officer

b. Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)  Details of the issuer

a.  Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

b.  Legal Entity Identifier

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)  Details of transaction

a.  Description of financial instrument

Options

Options

Options

b.  Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c.  Nature of the transaction

Grant of Options

Grant of Options

Grant of Options

d.  Price(s) and volume(s)

Exercise Price: Cdn $0.79

Volume: 315,696

Exercise Price: Cdn $0.79

Volume: 157,258

Exercise Price: Cdn $0.79

Volume: 188,710

e.  Aggregated information:

i.  Price

ii. Volume

Exercise Price: $0.79 Cdn per Option

Volume: 315,696 Options

Exercise Price: $0.79 Cdn per Option

Volume: 157,258 Options

Exercise Price: $0.79 Cdn per Option

Volume: 188,710 Options

f.  Date of the transaction

May 22, 2020

May 22, 2020

May 22, 2020

g.  Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

 

1)  Details of PDMR

a)  Name

Randy Neely

Edward Ok

Geoffrey Probert

2)  Reason for the notification

a)  Position / status

President and Chief Executive Officer

Vice President Finance and Chief Financial Officer

Vice President and Chief Operating Officer

b)  Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)  Details of the issuer

a)  Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

b)  Legal Entity Identifier

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)  Details of transaction

a)  Description of financial instrument

Performance Share Units

Performance Share Units

Performance Share Units

b)  Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c)  Nature of the transaction

Grant of PSUs

Grant of PSUs

Grant of PSUs

d)  Price(s) and volume(s)

Price: Cdn $0.73

Volume: 402,188

Price: Cdn $0.73

Volume: 200,342

Price: Cdn $0.73

Volume: 240,411

e)  Aggregated information:

i)  Price

ii)  Volume

 

 

Price: $0.73 Cdn per PSU

Volume: 402,188 PSUs

 

 

Price: $0.73 Cdn per PSU

Volume: 200,342 PSUs

 

 

Price: $0.73 Cdn per PSU

Volume: 240,411 PSUs

f)  Date of the transaction

May 22, 2020

May 22, 2020

May 22, 2020

g)  Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

About TransGlobe

TransGlobe Energy Corporation is a cash flow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe's common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For further information, please contact:

 

 

 

TransGlobe Energy

 

  Via FTI Consulting

Randy Neely, President and Chief Executive Officer

 

 

Eddie Ok, Chief Financial Officer

 

 

 

 

Canaccord Genuity  (Nomad & Sole Broker)

 

+44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor

 

 

James Asensio

 

 

 

 

 

FTI Consulting  (Financial PR)

 

+44 (0) 20 3727 1000

Ben Brewerton

 

[email protected]

Genevieve Ryan

 

 

 

Tailwind Associates  (Investor Relations)

 

 

Darren Engels

 

[email protected]

http://www.tailwindassociates.ca

+1 403.618.8035

 

[email protected]

http://www.trans-globe.com

+1 403.264.9888

 

 

 

 


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